China New Energy Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2021. For the year, the Group is expected to record a net profit after taxation of approximately RMB 7.8 million as compared to a net profit after taxation of approximately RMB 44.4 million for the year ended December 31, 2020. The substantial decrease in the net profit for the year ended December 31, 2021 was mainly due to the decrease in revenue and gross profit margin.